In today's crypto news, U.S.-based cryptocurrency investment products experienced their largest inflows since July, totaling $2.2 billion last week. This surge is attributed to optimism surrounding a potential Republican victory in the upcoming U.S. elections, which is seen as favorable for digital assets. CoinShares reported that during the week of October 12-18, the U.S. led the way in crypto investments, while Canada and Sweden faced outflows. Additionally, a working paper from the Federal Reserve Bank of Minneapolis has sparked controversy by suggesting that Bitcoin may need to be taxed or banned to help governments manage deficits, citing it as a challenge to policy implementation. Furthermore, analyst Mark Palmer remains bullish on MicroStrategy's stock, predicting its price could rise to $245, driven by the company's continued Bitcoin acquisition strategy, despite concerns over its current overvaluation compared to the net asset value of its Bitcoin holdings.

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